US equities post modest gains; Dow approaching historic high

The US equities market managed to eke out some gains on Tuesday, and in the process the Dow is now nearing an all-time high, something that can be described as nothing short of extraordinary.

The Dow Jones closed at 14,018.70, gaining 47.46 points or 0.34%, the S&P 500 stands at 1,519.43, up +2.42 points or +0.16%, while the Nasdaq declined by 3,186.49 after falling -5.51 points or -0.17%.

Feb 12, 2013

Forex: AUD/USD recovery capped by 1.0320

Underpinned by the improvement in market sentiment, AUD/USD managed to recover from a 4-month low of 1.0225 scored at the beginning of the European session, back above 1.0300 during the American afternoon.

Forex Flash: Near-term USD/JPY top at 94.50 may be in place - NAB

The Yen continues to be exposed to the headwinds from the Bank of Japan’s anticipated shift to a more aggressive easing policy, comments NAB research team. The Australian-based institution adds that "the recent G7’s shot across Japan’s bows means policy makers may begin to soften their anti-JPY rhetoric." In this environment, "a near-term USD/JPY top may be in place around 94.50, at least until the new, more dovish BoJ Governors are installed in late March" NAB says.